Passive income is income that requires little to no ongoing effort to obtain. Examples include dividends from stocks, rent payments from rental real estate or royalty payments from intellectual property. In a divorce, passive income may impact spousal support and...
Couples preparing for divorce in Ohio need to determine a way to divide their shared resources and financial obligations. Both the process of putting a price on large assets and the act of negotiating how to share or divide that value can prompt emotional responses...
There are multiple ways to complete the business valuation process, and many of them involve looking at a company's tangible and intangible assets very carefully. The reputation of the organization and the goodwill that it has fostered with individual employees, other...
Divorce cases that contain international assets can make property division complicated. International assets most commonly take the form of vacation homes, investment properties, inheritances, bank accounts, foreign trusts, and foreign retirement accounts. While...
When a business owner files for divorce, they can generally anticipate a more complicated and contested process when ending their marriage. A business can create numerous challenges for a divorcing couple, including negotiating how to run the company after divorce and...
If someone owns a business and intends to divorce, the organization will likely prove to be a significant roadblock to a smooth divorce process. The business may represent an investment of thousands of dollars of marital property and also likely serves as a source of...
There are numerous ways that co-ownership of a business can complicate an upcoming divorce. Especially if both spouses work at a family company, the comingling of work and finances can make untangling each spouse’s interests in the business a truly challenging task....
Sometimes in high asset divorce cases, your spouse may intentionally hide their assets with hopes of retaining more after the divorce process. Hidden assets can include jewelry, credit cards, fine art, offshore accounts, real estate, inheritance, etc. Unless you begin...
Employer provided long term incentive programs can present significant challenges in the early stages of an Ohio divorce. These assets will need to be identified, and to the extent possible, valued. They will also need to negotiate an appropriate way to share those...
For some couples, property division just means looking at earnings that were directly paid to both people and then dividing the assets. These individuals may be paid by the hour or they may be on salary. Either way, they're just looking at their specific earnings....
